2974 Us Highway 63 Barronett, WI 54813
- Commercial real estate
- 0.12 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2974 Us Highway 63
- Lot size
- 0.12 lot acres
- Property type
- Commercial real estate
- APN
- 026-4088-63-000
- APU
- 26408863000
Description
Prime commercial opportunity in Barronett, WI! This 2,718 sq ft building on a 0.12-acre lot includes a thriving cafe business, complete with all furniture, fixtures, and equipment. The sale price of $170,000 includes the property, building, and all existing cafe operations. A significant advantage is the inclusion of a two-level, two-bedroom apartment with washer/dryer, situated at the rear of the building. This apartment offers potential rental income of $700-$1,000 per month, providing additional revenue streams. The property boasts a wealth of potential beyond its current use. The commercial kitchen equipment could be removed to create additional apartment units, or the space could be repurposed for a variety of retail ventures, such as a boutique or antique store. Recent upgrades include a new roof (2023), dishwasher, windows, and laminate flooring in the apartment's dining/living area (2023), a new washer/dryer (2023), a new ice machine (2020), and a new HVAC system (2017). The basement provides ample storage space. Located on US Highway 63, this property enjoys high visibility and is conveniently situated just 1.5 hours from the Twin Cities, offering easy access to a large customer base. Don't miss this chance to own a versatile and profitable commercial property with significant upside potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $115,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $140,000
- 6.5%
- $125,000
- 7%
- $145,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $125,000
- Geo Method
- $155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $135,000
- Retail
- $130,000
- Mixed-Use
- $110,000
- Hospitality
- $120,000
- Educational
- $120,000
- Residential Income
- $110,000
- Energy
- $115,000
- Income-Based Land
- $125,000
- Food Service
- $115,000
Location Insight
- Map
- Local Demand
- City
- Barronett
- County
- Barron
- State
- Wisconsin
- Longitude
- -91.9929
- Latitude
- 45.6364